International Bank of Azerbaijan arranges a new program "Pension + " for pension card holders
All pension plastic cards, served in the International Bank of Azerbaijan, opened a credit without interest at the rate of 100 manat, the press service of the bank.
Retirees will not pay any additional fee. Retirees are able at any time to spend the allocated credit limit in a number of retail facilities (supermarkets, drugstores), signing a framework agreement with the IBA, but they will not be able to cash it at ATMs. The debt will be repaid by pension funds received on account of the pensioner for the next month. After that, the credit limit is automatically activated again.
All pension card , served in the International Bank of Azerbaijan (only cards of the State Social Protection Fund, excluding the Ministry of Labor and Social Protection of the country), are connected to the program in an automatic manner .
To date, the program is connected to the supermarket chain ARAZ, the supermarket chain Macro Market, and the pharmacy network Riyadfarm. The number of commercial entities participating in the program will systematically increase. -15D -